22/09/2011 12:07Iraqi Finance unveils the 2012 budget debate in the House next Sunday
Erbil, U.S. Undersecretary of the Ministry of Finance said Thursday that he hoped to discuss the Iraqi Council of Representatives budget for fiscal year 2012 amounting to more than 130 trillion dinars Sunday, noting that the share of the Kurdistan region of 17% of the total Iraqi budget as it was during the previous years.
The Prophet said Fadel told the Kurdish news agency (Rn) that "it is scheduled to discuss the Iraqi Council of Representatives during its upcoming Sunday, the draft federal budget law for 2012 discretionary."
He noted that the "balance of Almkhmna (131) trillion Iraqi dinars, compared with last year, they see an increase by 36%, and is the biggest budget in the history of Iraq."
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He said the Prophet, "The Kurdistan region's share of the federal budget will be similar to past years, ie 17% of the total public budget, and will not be reduced, and not a census year in Iraq will remain the proportion of the budget the region the same, did not impose any person the Kurdistan region send a certain amount of oil to the outside. "
He said Undersecretary of the Ministry of Finance of Iraq, "The budget was formulated based on oil sales, as Iraq is exporting 1.6 million barrels of oil a day, and in this context, the Kurdistan region issued 150 thousand barrels of oil a day."
He noted that "when the draft federal budget law, we came under pressure from some quarters, in order to increase the number of paragraphs to the project, were not in the interest of the Kurdistan region, and we did not accept it," noting that "One of the things was to compel the provinces to grant entitlements oil companies operating in its territory, and was intended to and behind the Kurdistan region. "
For its part, said a member of the Iraqi parliament in the Kurdish coalition, Najiba Najib (Rn) "Starting this year, we will seek to discuss the budget before the end of the year, and we will issue appropriate decisions."
He said: "After the separation of the budget sovereign, which includes the budget of the three presidencies, and the outstanding loans owed by Iraq, and to balance the ration card items, and regional development, the Ministry of Defence, is determining the budget of the Kurdistan region, and the share of the region and accordingly to (14) trillion Iraqi dinars."
She Najib said "the amount owed to the province, appropriately, in the event was spent according to scientific bases, and reduce the operational budget and increase the investment budget, will play a positive role in the development of economic infrastructure and to provide more services to citizens, and create jobs for the unemployed."
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